文件与报告库

Antigua and Barbuda - Updating economic memorandum (英语)

摘要

The economy of Antigua and Barbuda has performed very well over the past three years, with economic growth averaging in excess of 6 per annum from 1983 to 1985. This has been due to a very robust growth in tourism arrivals, which is expected to continue... 更多显示The economy of Antigua and Barbuda has performed very well over the past three years, with economic growth averaging in excess of 6 per annum from 1983 to 1985. This has been due to a very robust growth in tourism arrivals, which is expected to continue, albeit at a somewhat slower pace, throughout the rest of this decade. The Government's fiscal performance has improved in 1984 and 1985, and revenue measures introduced in late 1985 and early 1986, indicate that this improvement in revenue collection should continue. Despite this, however, a fiscal crisis is looming from 1987 on due to the very large increase in external debt issued on commercial terms since mid-1985. Even with strong overall economic growth performance over the next five years, avoiding a further buildup in arrears of external debt service obligations is contingent on several factors. These include (i) seeking further revenue raising measures and raising utility tariffs, (ii) continuing a stringent program of current expenditure control, (iii) continuing an active program of divestiture of Government assets in the tourism and other sectors, (iv) continuing efforts to formally reschedule past external debt obligations and, (v) avoiding further addition to external debt on commercial terms.
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